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Price Analysis

Litecoin Price Analysis: Litecoin (LTC) Plunges But With A Bullish Sentiment

Litecoin price chart of the last five days depicts a series of crests and turfs. LTC started trading on 21st Aug on a declining note and went down by almost 7% to $70.35 from $75.28. But soon revived by 5.03% and went back to the level of $73.89. And LTC made a dip again by 3.64% to stoop down to the level of $71.2. However, the slowdown didn’t last long, and Litecoin price bounced back by 3.38%. The crypto traded at those level from the second half on 22nd Aug to until the 1st half of 23rd Aug. In the second half, however, Litecoin made a substantial hike of 4.45% and touched the $75.87. Again, in the early morning on 24th Aug, LTC declined by 4.62% to the level of $72.17. Again, there was a bit of stability in the LTC price for a couple of hours. Another subsequent crest and turf occurred in the 2nd half on yesterday. During this period, the Litecoin first declined by 5.13% and showed a hike of 5.91% to climb back to the level of $75.16. Since then, the coin has been trading around those level and stayed above the baseline.

Current Statistics of Litecoin (On August 26, at UTC 09:06):

  • Litecoin price was trading around $73.7.
  • Against Bitcoin, the LTC was valued around 0.00714561
  • ROI of Litecoin is 1,619.35%.
  • Additionally, the Market Cap of the LTC was 4,666,090,925 USD.
  • On top of that, the 24-hour volume of the Litecoin is 2,926,615,635 USD.
  • Again, the total LTC coins circulating in the market was 63,115,874 LTC.
LTC Price Prediction
LTC Price Chart by TradingView

Litecoin Price Prediction & Conclusion:

Amidst the volatile market, the coin has gained some momentum. However, nothing seems to work well for Litecoin. For now, the immediate support for Litecoin is at 72.75 USD, and the resistance level is at 74.01 USD. As of now, one should avoid trading in the short-term in Litecoin.

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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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